ACTIVE

DE HULSTER

Financial year 2025 · closed on 31/12/2025
Net result
208,3 k €
+262.7% YoY
Gross margin
3,8 M €
+16.7% YoY
Equity
2,2 M €
+9.9% YoY
Workforce
34,0 ETP
+2.7% YoY

What does DE HULSTER do?

DE HULSTER is a Non-profit organization incorporated in 1992. Its main activity is: General secondary education. Its registered office is in Leuven. It employs on average 34,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0448.301.237
Incorporation
26/06/1992
Legal form
Non-profit organization
Registered office
Minderbroedersstraat 23
3000 Leuven · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
34,0 ETP
Joint committees (1)
  • 330
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin3,8 M €3,2 M €3,1 M €2,4 M €2,1 M €2,1 M €2 M €1,9 M €1,9 M €1,9 M €1,8 M €1,7 M €1,5 M €1,5 M €1,4 M €1,4 M €1,3 M €1,2 M €
EBITDA734,4 k €71,6 k €-1,4 M €399,2 k €244,9 k €201,1 k €158,1 k €216,4 k €183,4 k €198,2 k €123 k €147,1 k €-8,4 k €12,7 k €151,9 k €219 k €171,5 k €199,3 k €
Operating result690,9 k €32 k €-1,5 M €236,1 k €83,8 k €55,1 k €9,7 k €61,8 k €32 k €52,8 k €-7,5 k €22,2 k €-128,2 k €-99,8 k €46,2 k €113,1 k €89,9 k €144,2 k €
Net result208,3 k €57,4 k €-1,5 M €212,5 k €70,9 k €40,4 k €15,5 k €74,7 k €45,2 k €66,1 k €61,2 k €65,1 k €146,5 k €-89,8 k €68,8 k €122,6 k €139,5 k €253 k €
Balance sheet
Equity2,2 M €2 M €1,9 M €2,6 M €2,4 M €2,3 M €2,3 M €2,3 M €2,2 M €2,2 M €2,2 M €2,2 M €2,1 M €2 M €2,1 M €2 M €1,9 M €1,8 M €
Total assets3,4 M €3,4 M €3,5 M €3,9 M €3,7 M €3,7 M €3,7 M €3,1 M €3 M €3 M €2,9 M €3 M €2,6 M €2,6 M €2,6 M €2,6 M €2,6 M €2,3 M €
Cash578,8 k €426,8 k €1 M €520,9 k €443,4 k €348,5 k €178,3 k €382,9 k €232 k €202,5 k €92,4 k €82,8 k €94,8 k €68,1 k €125,4 k €71 k €110,6 k €41,3 k €
Debts1,2 M €1 M €1,3 M €1,1 M €1,2 M €1,3 M €1,4 M €796,7 k €784,5 k €802,8 k €754,4 k €885 k €545,2 k €574 k €560,4 k €575,6 k €619,6 k €513,1 k €
Other
Workforce34,0 ETP33,1 ETP33,7 ETP27,2 ETP27,9 ETP28,8 ETP29,0 ETP27,6 ETP26,2 ETP25,8 ETP27,1 ETP25,3 ETP24,4 ETP24,6 ETP23,4 ETP22,4 ETP21,1 ETP20,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 31 ended

Active mandates

Freddy Jochmans

Chairman of the board of directors · since 04 février 2024

Active
Annelies De Norre

Director · since 24 juin 2022

Active
Greet Put

Director · since 24 juin 2022

Active
André Decraene

Director · since 22 décembre 2021

Active
Chantal Van Audenhove

Director · since 22 décembre 2021

Active
Gert Peeters

Director · since 22 décembre 2021

Active
Luc Martens

Director · since 22 décembre 2021

Active
Maria Wyckaert

Director · since 22 décembre 2021

Active
Willem Tambeur

Director · since 22 décembre 2021

Active
Zorggroep Annendael

Director · since 22 décembre 2021 · 0414.604.526

Represented by Koen De Meester

Active

Ended mandates

André Decraene

Bestuurder · since 22 décembre 2021

Ended
Chantal Van Audenhove

Bestuurder · since 22 décembre 2021

Ended
Frans Maes

Bestuurder · since 22 décembre 2021

Ended
Frans Maes

Director · since 22 décembre 2021 · until 04 février 2024

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202624/06/202526/06/202414/07/202325/08/202229/06/2021
General meeting17/06/202624/06/202517/06/202430/06/202324/06/202222/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202517/06/202629/06/2026DutchPDF
Abridged model31/12/202424/06/202524/06/2025DutchPDF
Abridged model31/12/202317/06/202426/06/2024DutchPDF
Abridged model31/12/202230/06/202314/07/2023DutchPDF
Abridged model31/12/202124/06/202225/08/2022DutchPDF
Abridged model31/12/202022/06/202129/06/2021DutchPDF
Abridged model31/12/201902/09/202003/09/2020DutchPDF
Abridged model31/12/201811/06/201926/06/2019DutchPDF
Abridged model31/12/201705/06/201811/06/2018DutchPDF
Abridged model31/12/201608/06/201730/06/2017DutchPDF
Abridged model31/12/201527/06/201607/07/2016DutchPDF
Abridged model31/12/201419/06/201523/06/2015DutchPDF
Abridged model31/12/201320/06/201423/06/2014DutchPDF
Abridged model31/12/201203/06/201319/06/2013DutchPDF
Abridged model31/12/201113/06/201219/06/2012DutchPDF
Abridged model31/12/201021/06/201105/07/2011DutchPDF
Abridged model31/12/200915/06/201017/06/2010DutchPDF
Abridged model31/12/200804/06/200923/06/2009DutchPDF
Abridged model31/12/200720/05/200820/06/2008DutchPDF
Abridged model31/12/200604/06/200713/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 31 ended

Active mandates

Freddy Jochmans

Chairman of the board of directors · since 04 février 2024

Active
Annelies De Norre

Director · since 24 juin 2022

Active
Greet Put

Director · since 24 juin 2022

Active
André Decraene

Director · since 22 décembre 2021

Active
Chantal Van Audenhove

Director · since 22 décembre 2021

Active
Gert Peeters

Director · since 22 décembre 2021

Active
Luc Martens

Director · since 22 décembre 2021

Active
Maria Wyckaert

Director · since 22 décembre 2021

Active
Willem Tambeur

Director · since 22 décembre 2021

Active
Zorggroep Annendael

Director · since 22 décembre 2021 · 0414.604.526

Represented by Koen De Meester

Active

Ended mandates

André Decraene

Bestuurder · since 22 décembre 2021

Ended
Chantal Van Audenhove

Bestuurder · since 22 décembre 2021

Ended
Frans Maes

Bestuurder · since 22 décembre 2021

Ended
Frans Maes

Director · since 22 décembre 2021 · until 04 février 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/01/2024
    DIVERSEN
    PDF
  • Mandates15/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring01/02/2022
    ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates28/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2020
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025208,3 k €
  2. 2024
    Annual accounts 202457,4 k €
  3. 2023
    Annual accounts 2023-1,5 M €
  4. 2021
    Annual accounts 2021212,5 k €
  5. 2020
    Annual accounts 202070,9 k €
  6. 2019
    Annual accounts 201940,4 k €
  7. 2018
    Annual accounts 201815,5 k €
  8. 2017
    Annual accounts 201774,7 k €
  9. 2016
    Annual accounts 201645,2 k €
  10. 2015
    Annual accounts 201566,1 k €
  11. 2014
    Annual accounts 201461,2 k €
  12. 2013
    Annual accounts 201365,1 k €
  13. 2012
    Annual accounts 2012146,5 k €
  14. 2011
    Annual accounts 2011-89,8 k €
  15. 2010
    Annual accounts 201068,8 k €
  16. 2009
    Annual accounts 2009122,6 k €
  17. 2008
    Annual accounts 2008139,5 k €
  18. 2007
    Annual accounts 2007253 k €
  19. 26/06/1992
    IncorporationNon-profit organization